Our Financial Correspondent writes: –
The Clubs’ Balance Sheets and Revenue Accounts for 1948 make interesting reading.
The financial assets of the Motor Cycling Club are over £3,000. Bugatti Owners’ Club has over £2,200 in hand. The Vintage Sports-Car Club shows over £1,000, the Veteran Car Club of Great Britain itemise on their Balance Sheet over £600, the Bentley Drivers’ Club £313 cash at bank and in hand, and the 500 Club £176.
Some clubs appear to have given more than full value to their members, balancing expenditure against the year’s subscriptions, for Bugatti Owners’ Club shows a deficit. on this basis of £827, the Motor Cycling Club shows a deficit for 1948 of £730, the Veteran Car Club £123, and the Bentley Drivers’ Club £72.
Club magazines run away with a large proportion of some clubs’ finances; for example, the Bentley Drivers’ Club very excellent Review cost £440, the Bugatti Owners’ Club’s Bugantics £345, the Veteran Car Club’s Gazette £271, and the Vintage Sports-Car Club Bulletin £136.
The Bugatti Club spent £1,140 on prizes, the Motor Cycling Club’s awards cost £154, the Vintage Sports-Car Club’s amount for the same item came to £80, the Veteran Car Club’s under £58, while the Bentley Drivers’ Club spent £28 on competition awards and prizes.
W. O. G.